Metals Creek Resources Corp. · TSXV:MEK
Metals Creek Resources — Investor Presentation (November 2023)
50 slides from Metals Creek Resources's investor presentation, Nov 30, 2023
Slide 1: Ogden and Shabaqua Corners Gold Projects
Ogden and Shabaqua Corners Gold Projects
Slide 2: Forward-Looking Statements
Forward-Looking Statements – Certain statements included in this and unexpected problems during the development, construction and presentation are forward-looking statements which are made pursuant to start-up phases of the underground mine. For a more comprehensive the “safe harbor” provisions of t
Slide 3: Project highlights: Squid East, Ogden, Shabaqua, Clark's Brook, Tillex
SQUID EAST AU-AG-PB 2.43g/t Au + 185g/t Ag + 0.47% Pb / 12.00m OGDEN AU 210.49 g/t Au / 12.53m SHABAQUA CORNERS AU 7 new gold showings CLARK’S BROOK AU 1.00g/t Au / 25.80m incl. 2.05g/t Au / 6.40m TILLEX CU 2.58% Cu / 37.05m
Slide 4: Ontario project locations and results
= OGDEN AU FLINT LAKE AU : 210.49 g/t Au / 12.53m Grabs to 827g/t Au SHABAQUA CORNERS AU 21.60g/t Au / 6.65m New Au Discovery Channels of aaa 5.40g/t Au / 8.10m 1.04g/t Au / 18.70m and 9.24g/t Au / 6.61m 29.12g/t Au/ 0.75m TILLEX CU 1.19% Cu / 97.05m 1.83% Cu / 81.13m 1.65% Cu / 85.48m 2.16% Cu / 34
Slide 5: Shabaqua Corners Gold Project
Shabaqua Corners Gold Project
Slide 6: Shabaqua Corners Gold Project
Shabaqua Corners Gold Project Recently acquired 2023 Located approximately 52 kms west of Thunder Bay Along the same trend as Deltas’ New Eureka Discovery Initial round of prospecting yielded up to 45 g/t Gold in grab samples from Main Zone Claims adjoining Delta’s Eureka Property on MEK’s Eastern B
Slide 7: Shabaqua Corners Gold Project cont'd
Shabaqua Corners Gold Project cont’d Prospecting program resulted in the Discovery of several new gold showings including Echo Zone located northwest of Main Zone and returned assays up to 10.3 g/t Au and East Zone located at MEK’s eastern boundary returning assays up to 4.12 g/t Au. Initiated soil
Slide 8: Shabaqua Corners Gold Project location
SHABAQUA CORNERS. GOLD PROJECT » METALS CREEK i RESOURCES ie ~ N kilometers CITY OF THUNDER BAY Former North Coldstream Mine Former ° Ardeen Au Mine ©) WAWA SUBPROVINCE SHABAQUA CORNERS GOLD PROJECT
Slide 9: Shabaqua Corners zones and results map
288 200 rE 250,020 mE 25 200 mE T 231,007 NE ECHO ZONE Channeling of 1.04g/t Au / 18.70m *DL-22-22 drilled 2.74g/t Au/ 6.00m Delta Resources & grabs to 18.40g/t Au MAIN ZONE Trenched 29.4g/t Au / 0.60m and 6.96g/t Au /0.90m In chert/sulphide breccia kilometers 1 Ll Delta Resources—Eureka Zone * DL-2
Slide 10: Regional Schematic Longsection – Shabaqua Gold
Regional Schematic Longsection – Shabaqua Gold
Slide 11: Regional longsection with neighbouring results
| Sources: *Delta Resources website f N. ** Mistango River Resources website 7 5 ‘i \y *** assessment report 2000019006 Mistango River Resources \ SS **GLD-009 drilled 2.03g/t Au / 4.90m =~ SY Mistango River Resources Delta Resources “*GLD-07-18 drilled 2.03g/t Au/9.70m Fs LARD *DL-22-22 drilled 2.7
Slide 12: Shabaqua Corners sampling – new discovery Echo Zone
y / 345e/t 4 | | SHABAQUA CORNER SAMPDING, z i . rp Nie om 4 Le lee j A We io ; iasoene, fo Ores les gt . (1 ae “i, NEW DISCOVERY ECHO ZONE Volcanics =— =— = Zone of intense pervasive = = = Carbonate alteration @ June release grab samples & May 25th release grab samples meters
Slide 13: Soil and grab sample results
5,388,000 a 5,385,500 ml 5,385 000 mi 280,500 mE 287,500 mE 288,000 mE Soil_Comp Au_ppb @100 to 715 @ 50 to 100 © 40 to 50 @ 30t0 40 © 20 to 30 * 5to 10 Oto 5 WESTERN SHEAR ZONE Grabs to 18.1g/t Au | GRABS >100ppb Au METALS CREEK RESOURCES TSX-V: MEK SHABAQUA CORNERS GOLD PROJECT WESTERN SHEAR ZONE
Slide 14: Shabaqua Corners trenching results
Ante OB Si ABAGIIA CORNER Leo fe a I6.40g/t oe 4 T4408 Wi STRENGHING RESULTS: NEW DISCOVERY | ECHO ZONE 256g] Au MAIN ZONE | 12ig/t AU i ibs » 10:20g/t. Au TRENGLI 9 é 6eit, a 0, 90m [ lotele Auin8: Tomi st 28 i ‘Aut! 060m E etme SaeeES Lp 5010g/t Au 29. git 7 Ne j Ost 7 \ t%, peri: Au / 030m = 2 =
Slide 15: Echo Zone Mineralization
Echo Zone Mineralization Oo PROPOSED HOLES (o) Increased quartz vein content finely bedded mudstones 4.70g/t 9.10g/t 1.12¢/t fe ef — 5.48¢/t _ 0.30g/ 20g/t : 96/1 E J Fact a Wage oe Re _ | 2see/t 1.09g/t 0.78g/t Ww w ne — 1.91g/t ) 0.86g/t over 1.00m 1.04g/t over 18.70m Pervasive carbonate alteratio
Slide 16: Echo trench results map
on mN 5,385,200 mN 5,385,800 mN 5,385,400 MN | _ METALS CREEK 287,000 mE SIGE S) T8108 /.7AU : EN hy i 18:50¢/.t7Au Q \ 1°47¢/t7Au 287,200 ME 287,400 mE 1 SrIABAQUA CORNER TRENCHING RESULTS ECHOTRI NesgeAn | EO Ln. RESOURCES TSX-V: MEK = carbonate alteration 2023 Trench boundary Zone of pervasive Gr
Slide 17: Western Shear Zone Mineralization
Western Shear Zone Mineralization
Slide 18: Delta's Trending Resistivity High - Shabaqua Gold
Delta’s Trending Resistivity High - Shabaqua Gold
Slide 19: Main Zone grab sample 42.8 g/t Gold
Main Zone grab sample 42.8 g/t Gold
Slide 20: Main Zone grab sample 29.4 g/t Gold
Main Zone grab sample 29.4 g/t Gold
Slide 21: Echo South grab sample 50.1 g/t Gold
Echo South grab sample 50.1 g/t Gold
Slide 22: Mineralized Echo Qtz-Carb Stockwork 10.3 g/t Au
Mineralized Echo Qtz-Carb Stockwork 10.3 g/t Au
Slide 23: Work to Date
Work to Date First piece of ground was acquired in Feb 2023 Work in 2023 has produced 200 grab samples by means of prospecting 116 soils collected resulting in numerous anomalies (highest is 715ppb Au at Western Shear Zone) Mechanical stripping resulted in 4 new discoveries to date (Echo South 50.1g
Slide 24: 2024 Work Plans
2024 Work Plans Will be commencing a 5-hole drill program within the next week to TARGET Main Zone and Echo Zone Continue following up on High Priority Soil Targets Conduct additional soil sampling and follow-up prospecting Detailed Geological Mapping with special emphasis on Structural Interp Furth
Slide 25: Key Characteristics for Gold Mineralization
Key Characteristics for Gold Mineralization Quartz-Carbonate stockwork with multiple generations of veins Strong correlation to golds grades with increased vein density Gold Mineralization hosted within pervasive carbonatization halo ranging 50-100m in width with pervasive overprinting of primary te
Slide 26: Ogden Gold Project, Timmins Gold Camp Ontario
Ogden Gold Project, Timmins Gold Camp Ontario
Slide 27: Timmins Gold Camp Mineralized trend
Timmins Gold Camp Mineralized trend
Slide 28: Ogden Gold Project – 50/50 JV with Newmont
Ogden Gold Project – 50/50 JV with Newmont Metals Creeks Flagship Property. Drilling in the shadow of the Head Frames in Canada’s most prolific Gold Camp Metals Creek have formed a 50/50 joint venture with Newmont, MEK is operator Over 8km of strike length of the Porcupine-Destor Break, the key cond
Slide 29: Ogden Gold Project – Gold Zones
Ogden Gold Project – Gold Zones
Slide 30: Thomas Ogden West – December 2017 Drilling
METALS CREEK RESOURCES THOMAS OGDEN WEST— DECEMBER 2017 DRILLING OG17-002 3.07g/t Au over 8.22m 0G17-001 Incl. 0.24g/t Au over 17,00m 4.968/t Au over 3.97m OG12-001 8.28g/t Au over 0.59m \P CONDUCTOR IP CONDUCTOR TOG-17-60 8,37g/t Au over 2.00m And 1.21 g/t Au over 24.80m Including 2,19g/t Au over 6
Slide 31: Thomas Ogden Zone
Thomas Ogden Zone MEK results from drilling 210.19 g/t Au over 12.53 m, including 2732.6 g/t (2.73 kg) over 0.93 m 49.96 g/t Au over 9m April 2013 1.94g/t over 94m February 2012 2.20 g/t Au over 75.85m including 5.26g/t over 23.4 m Step out drilling 480m west of TOZ hit 5.06g/t over 2.6 meters. Addi
Slide 32: Thomas Ogden Area Gold Schematic Long-Section
METALS CREEK 4 DeSantis Mine ee TWO04-01 “ 2.14g/t Au over 1.80m 200m el : : wnnnnssSaeo=----------- 200m et . % 0617-002 4.96¢/t Au over 3.97m Omel ----p-< RENT Sor d= 7 - Om el TOG-16-46 0617-001 2.14g/t Au over 2.58m Two4-11 0.24g/t Au over 17.00m TOG-17-60 0616-040 1.78g/t Au over 4.50m a at Lhe
Slide 33: Visible Gold in Core
LY Visible Gold in Core METALS CREEK RESOURCES
Slide 34: TOG-21-65A: VG-bearing Zone (350.6 to 352.25m)
METALS CREEK TOG-21-65A: VG-bearing Zone (350.6 to 352.25m) A total of 30 clusters of visible gold were observed between 350.62 and 352,25m (red-outlined area, as shown above). Specks and blebs of gold vary in coarseness between <0.25 and 3mm, mainly occurring tangentially to, or within, narrow whit
Slide 35: Notes of VG-bearing Zone
LX”. METALS CREEK RESOURCES ee Enotes of VG-bearing Zone 350.63m: 3mm by imm wide VG wisp/band ~352.2m: very fine- to fine-grained VG observed in tangential to a flat-lying veinlet composed of pale close proximity to very fine-grained seams of grey/transiucent quartz, hosted within altered felsite b
Slide 36: Naybob South Zone
Naybob South Zone Historic Results 6.33 g/t Au over 5.37m 11.85 g/t Au over 1.83m MEK recent drill results 9.24 g/t Au over 6.61m 6.22 g/t Au over 6.63m ▪ all with visible gold at less than 100 meters vertical depth. ▪ close to existing infrastructure.
Slide 37: Thomas Ogden to South Zone Longitudinal Section
TRON METALS CREEK RESOURCES —_— —_— __ a 4.96g/t Au / 3.97m 210.19g/ Au (uncut) /12.53m 2.24g/t Au /1.80m 2.39g/t Au /2.15m "6.22g/t Au / 6.63m 9.24g/t Au} 661m a ——————————— i a s 8.28g/t Au / 0.59m 1.78g/t Au } 450m 2.38g/t Au / 5.19 bd 1.90g/t fu £2.00m ‘ii THOMAS OGDEN AREA ee SOUTH ZONE ; : Sch
Slide 38: Schematic Section 1200W
Fragmental Unit Chlorite Schist . (High strain Exploration 200m deformation zone) Potential Ultramafics Sedimentary Unit (Argillite, Greywacke and Conglomerate) Porphyry TOG-11-01 3.46 git Au / 13.40m incl. | Felsic Dike SER AU am FE] Gold Mineralization 100m TOG-11-02 2.61 git Au / 18.10m incl. 9.4
Slide 39: Thomas Ogden drill intercepts
N FOG 13.38 DEB9g/t Au ever 54.65m q iret. 79g/t Au over 25.70m TOG. 16.47 D35g/t Av over 22.097 Incl. Se 73g/t Au over 8.20r 7TOG-13-25 210. 198/t Aw over 12.53 Ine 2732.64p/t Au over 0.937 FOG 16.47 B42g/t Av over 3.007
Slide 40: Schematic Longsection
Schematic Longsection METALS CREEK BUFFALO-ANKERITE TIMMINS WEST PAYMASTER MINE DEPOSIT THUNDER CREEK DISCOVERY NAYBOB MINE THOMAS OGDEN ZONE THO S OGDEN ZONE = = BB y < ere FNS PS a a | rg Ogden Property = ey 7) (Western Extent) i Ogden Property (Eastern Extent)
Slide 41: Location! Location! Location!
Key Points about MEK Gold Projects Location ! Location ! Location ! - Located in the Prolific Timmins Gold Camp - 50/50 Joint Venture with Newmont, MEK is the operator and sets the budget on Ogden - High grade gold over wide widths - Near existing infrastructure - Shabaqua Corners Project along tren
Slide 42: Tillex Copper Project Location
Tillex Copper Project Location
Slide 43: Tillex Cu section 120N
NW SE 1.05% Cu, 6.60g/t Ag over 22.87m TAPAS SIE SSPE ENS ONAL 1.83% Cu, 8.63g/t Ag over 81.13m 1.65% Cu, 33.34g/t Ag over 85.48m MINERALIZED GRAPHITIC ARGILLITE VOLCANICS OPEN AT DEPTH TILLEX CU GRADES DISPLAYED Cu % and Ag g/t SECTION 120N ~~ aan 50 meters ———== METALS CREEK RESOURCES
Slide 44: Random/cross-cutting chalcopyrite stringers/veinlets
Random/cross-cutting chalcopyrite stringers/veinlets
Slide 45: Squid East Property, Yukon
SQUID EAST PROPERTY U.S.A. (Alaska) 400 Canada (Yukon) North American Platform . WHITE GOLD DISTRICT . .. GOLDEN SADDLE\DEPOSIT (KINROSS) ‘ be 4 u R “COFGEEPRQJECT (GOLDCORP)~,_ ed Yukon-Tanana & Slide Mountian Insular (Wrangellia & Alexander) kilometers , . METALS CREEK RESOURCES ean YUKON PROPERTY
Slide 46: Squid East Gold Project
Sita eth . “EXPLOITS TRENCH" | 1.96g/t Au + 160.60g/t Ag + 0.35% Pb / 22.0m including 6.39g/t Au + 513.50g/t Ag + 0.86% Pb / 4.0m SE13-002 ie 1.55g/t Au + 114.12g/t Ag + 0.32% Pb / 21.00m including 2.43g/t Au + 185.25g/t Ag + 0.47% Pb / 12.00m EY RS Ge Sa sa
Slide 47: Flint Lake Property
KKK”. METALS CREEK RESOURCES Flint Lake Property
Slide 48: Cameron Lake Area MEK Land Holdings
Cameron Lake Area MEK Land Holdings
Slide 49: Bag Lake Block prospective gold trend
TRON METALS CREEK RESOURCES BAG LAKE BLOCK 2.1km PROSPECTIVE GOLD TREND NEW MINERALIZATION GRABS TO 11.40/t Au Soil Sampling Au_ppb al Y 20 t0 500 VB to 50 = Yes + “a : : = & Bag_Block_Only by Au_ppb (5.000 to 100,000 41) @ 1.000 to 5,000 (49) i @ 200 to 1,000 (91) B= sicurea 2) 2) a 3 Ln i METALS C
Slide 50: Disclaimer
Disclaimer • The historic non-43-101 compliant resource calculation quoted for the Tillex deposit in this presentation does not meet the standards as outlined in National Instrument 43- 101, “Standards of Disclosure for Mineral Projects”, and has not been independently validated or verified by the C
Metals Creek Resources — Investor Presentation (November 2023) on 6ix